Volkswagen
Volkswagen Articles
A contract worth about $80 million added about $140 million to the market cap of fuel cell technology company Ballard Power Systems on Wednesday.
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After a year of strong recovery of car sales in Europe, executives and the auto manufacturer's association have turned anxious.
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While light vehicle sales in the United States during January rose 13.7%, Volkswagen's sales results continued to falter.
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Automakers will be announcing January U.S. new car and light truck sales on Tuesday morning and industry watchers are predicting sales at their highest levels since January 2006.
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On Friday, Volkswagen's Porsche division said it would recall 13,500 vehicles globally, including more than 9,100 Cayenne and Panamera vehicles in China.
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BMW and Volkswagen said they would help build more electric vehicle charging stations to support the new wave of demand for these types of cars.
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Sales of new cars and light commercial vehicles in Russia declined by nearly 300,000 units in 2014, compared with the prior year.
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The news about auto sales in Europe was good for December, but the General Motors division there continued to lose ground as the attempt at a turnaround has failed.
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When Volkswagen released its sales delivery figures for 2014, and it was all China. More than a third of its cars and light trucks sold were in the world's largest market.
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The remarkable increase in new car sales will continue next year, according to research firm Kelly Blue Book, and profits of the major car companies will remain strong.
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Volkswagen was the eighth-largest auto seller in the United States in 2014, but by some measures Subaru already outsells VW.
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The average transaction price for a new car or pickup purchased in the United States in December was 1.6% higher than in November, as well as 2.5% higher than December of 2013.
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After months when its sales were not only modest but falling, Volkswagen's unit sales are expected to grow 14% in December.
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The holiday season is expected to drive full-year new car sales in the United States to as much as 17 million.
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GM's efforts to turn around its European operations have suffered another blow as sales of Opel plunged in November.
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